Company Registration No. 06817628 (England and Wales)
ASPIRE FINANCIAL LTD
Unaudited accounts
for the year ended 29 February 2020
ASPIRE FINANCIAL LTD
Unaudited accounts
Contents
ASPIRE FINANCIAL LTD
Company Information
for the year ended 29 February 2020
Company Number
06817628 (England and Wales)
Registered Office
5 CHALK HILL HOUSE
ROSARY ROAD
NORWICH
NR1 1SZ
Accountants
P Lacey & Associates Ltd
Office 17
2 Regent House
Lowestoft
NR32 1PA
ASPIRE FINANCIAL LTD
Statement of financial position
as at 29 February 2020
Tangible assets
131,059
132,452
Cash at bank and in hand
319,245
292,181
Creditors: amounts falling due within one year
(38,807)
(48,532)
Net current assets
562,878
444,757
Net assets
693,937
577,209
Called up share capital
200
200
Profit and loss account
693,737
577,009
Shareholders' funds
693,937
577,209
For the year ending 29 February 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 June 2020 and were signed on its behalf by
Glen Robinson
Director
Company Registration No. 06817628
ASPIRE FINANCIAL LTD
Notes to the Accounts
for the year ended 29 February 2020
ASPIRE FINANCIAL LTD is a private company, limited by shares, registered in England and Wales, registration number 06817628. The registered office is 5 CHALK HILL HOUSE, ROSARY ROAD, NORWICH, NR1 1SZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2019
126,880
5,377
5,591
137,848
At 29 February 2020
126,880
5,377
5,591
137,848
At 1 March 2019
-
1,344
4,052
5,396
Charge for the year
-
1,008
385
1,393
At 29 February 2020
-
2,352
4,437
6,789
At 29 February 2020
126,880
3,025
1,154
131,059
At 28 February 2019
126,880
4,033
1,539
132,452
Trade debtors
22,405
51,108
Other debtors
260,035
150,000
ASPIRE FINANCIAL LTD
Notes to the Accounts
for the year ended 29 February 2020
6
Creditors: amounts falling due within one year
2020
2019
Taxes and social security
38,162
47,402
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
100 Ordinary B shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 4 (2019: 4).
